Yelp Inc. (NYSE:YELP) Insider Sells $35,750.00 in Stock

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.75, for a total transaction of $35,750.00. Following the sale, the insider now directly owns 211,558 shares in the company, valued at $7,563,198.50. The trade was a 0.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Craig Saldanha also recently made the following trade(s):

• On Thursday, January 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $38.40, for a total transaction of $38,400.00.
• On Monday, December 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $37.99, for a total transaction of $37,990.00.
• On Friday, November 29th, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $38.05, for a total transaction of $38,050.00.

Yelp Stock Performance

Shares of NYSE:YELP traded down $0.41 during trading on Monday, reaching $35.31. The stock had a trading volume of 756,914 shares, compared to its average volume of 676,784. The business has a fifty day moving average price of $39.20 and a 200-day moving average price of $36.63. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $41.72. The stock has a market cap of $2.32 billion, a PE ratio of 18.39, a PEG ratio of 0.76 and a beta of 1.33.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.09. The company had revenue of $361.95 million for the quarter, compared to analysts’ expectations of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. Sell-side analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.

Institutional Trading of Yelp

Several large investors have recently bought and sold shares of YELP. FMR LLC lifted its stake in Yelp by 13.7% in the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after purchasing an additional 78,585 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Yelp by 1.8% in the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock valued at $96,256,000 after purchasing an additional 48,363 shares during the last quarter. Barclays PLC lifted its position in Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock worth $5,627,000 after buying an additional 124,561 shares in the last quarter. FORA Capital LLC acquired a new position in Yelp during the third quarter worth $732,000. Finally, Algert Global LLC grew its holdings in Yelp by 7.5% in the 3rd quarter. Algert Global LLC now owns 204,077 shares of the local business review company’s stock valued at $7,159,000 after buying an additional 14,213 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley upped their price target on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Robert W. Baird cut their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.17.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.